IOTA (IOTA) Price, Info & Live Chart

• IOTA description

IOTA (MIOTA) is a revolutionary cryptocurrency designed specifically for the Internet of Things (IoT), aiming to facilitate secure data exchange and payments between machines. Unlike traditional blockchains, IOTA uses a unique technology called the "Tangle," which is a Directed Acyclic Graph (DAG). This allows for feeless transactions and unlimited scalability, overcoming some of the limitations faced by traditional blockchain networks, such as congestion and high transaction fees. One of IOTA's standout features is its focus on micropayments, which are crucial for IoT devices that may require the exchange of small amounts of data or currency. With no mining or transaction fees, IOTA is particularly suited for machine-to-machine interactions, such as smart appliances paying for electricity, autonomous vehicles paying for charging stations, or sensors transmitting data in smart cities. The Tangle system requires each user to confirm two previous transactions before processing their own, which creates a decentralized and scalable network without the need for miners. Since its inception in 2015, IOTA has partnered with major companies like Bosch and Volkswagen, highlighting its potential in real-world IoT applications. Despite challenges and criticisms regarding security vulnerabilities in the past, the IOTA Foundation has continuously improved the network. As IoT devices become more prevalent, IOTA aims to be at the forefront of the machine economy, making it one of the most promising and innovative projects in the cryptocurrency space.

• Summary

• Symbol: IOTA


• Website: Official Website
• Whitepaper: Official Whitepaper
• Source Code: Coin Source Code
• Explorer: Coin Explorer
• Announcement: Announcement Channel